This topic contains 0 replies, has 1 voice, and was last updated by Robin R. 1 month, 1 week ago.
Recording Discounts in QBO
I have read a couple of different ways to record discounts in QBO. while I have the fields available to me on my invoices to allow for a discount, one thing I read is applying a discount in this way would skew your actual cost of goods sold number. Currently I am applying a credit memo to one of our large customers who always pays to receive a 2% discount. This is a lot of extra work but I am concerned about how the numbers will look in the background by recording the discount using the discount field. Either way, there is duplicate work, make the invoice for the full amount then change the invoice to reflect the less 2% amount due then receive payment against that or create a credit memo to apply to the original invoice when they deduct their 2%. We sell jars of homemade salsa. Occasionally we offer a coupon to our online orders for jars of flavor intensity that we have in excess. I used the discount field when recording those sale resceipts because it was so much easier.
Any information or recommendation you can provide would be much appreciated. I usually like to know and understand why we choose to do something a certain way versus another way.
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